Innovate UK Smart Grants: July 2019

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Fund Details

There is a total of £25m Innovate UK Investment. Projects to be awarded £25,000-£2m.

Competition Dates

Project Start
01 Apr 2020
Submission Deadline
16 Oct 2019
Results Announced
10 Jan 2020

Key Themes

science engineering technology disruptive innovations disruptive technology industrial strategy
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Opportunity to apply for a share of up to £25 million to deliver ambitious or disruptive R&D innovations that can make a significant impact on the UK economy.

Competition Aim

Innovate UK, part of UK Research and Innovation, will invest up to £25 million in the best game-changing, innovative or disruptive ideas with a view to commercialisation. All proposals must be business focused.

Applications can come from any area of technology (including arts, design, media or creative industries), science or engineering and be applied to any part of the economy.

Whilst we welcome projects that overlap with the grand challenge areas this is not a requirement, as we are also keen to support projects in other areas.

Competition Scope

Your proposal must demonstrate:

  • a clear game-changing, innovative and/​or disruptive and ambitious idea leading to new products, processes or services
  • an idea that is significantly ahead of others in the field, set for rapid commercialisation
  • a strong and deliverable business plan that addresses (and documents) market potential and needs
  • a clear, evidence based plan to deliver significant economic impact, return on investment (ROI) and growth through commercialisation, as soon as possible after project completion
  • a team, business arrangement or working structure with the necessary skills and experience to run and complete the project successfully and on time
  • sound, practical financial plans and timelines
  • awareness of all the main risks the project will face (including contractor or equipment failure, recruitment delays, etc) with realistic management, mitigation and impact minimisation plans for each risk
  • clear, considerable potential to significantly impact the UK economy and/​or productivity in a positive way
  • good value for money, which will always be a consideration in Innovate UK funding decisions